- China’s headline activity gauges moved back to expansion territory in November, adding weight to an argument that the growth momentum is stabilizing after being hit by a rather long list of adverse factors.
- Even though the headline PMIs beat expectations, weaknesses abound. China’s growth outlook for the next several quarters is now noticeably weaker than was expected just a few months ago, and the latest release signals that the risks are still to the downside.
- Would this justify stepping up policy support?
For further details see:
China - Growth Slump Is Over?